About XtracapNeo
XtracapNeo is a company based in Delhi (India) founded in 2017 by Nitin Verma, Gopi Krishna U, and Mohammed Riaz. XtracapNeo has raised $603.89 thousand across 3 funding rounds from investors including Kaizer Siraj. The company has 45 employees as of April 02, 2024. XtracapNeo offers products and services including Xtracapneo App. XtracapNeo operates in a competitive market with competitors including KredX, FinAGG, Cashflo, Shengye Capital and BillMart, among others.
- Headquarter Delhi, India
- Employees 45 as on 02 Apr, 2024
- Founders Nitin Verma, Gopi Krishna U, Mohammed Riaz
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Xtracap Fintech India Private Limited
- Date of Incorporation 25 May, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$39.62 K (USD)119.61as on Mar 31, 2023
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Net Profit
-$303.83 K (USD)-9.07as on Mar 31, 2023
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EBITDA
-$205.38 K (USD)-11.71as on Mar 31, 2023
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Total Equity Funding
$603.89 K (USD)
in 3 rounds
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Latest Funding Round
$201.84 K (USD), Angel Round
May 03, 2021
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Investors
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Employee Count
45
as on Apr 02, 2024
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Products & Services of XtracapNeo
XtracapNeo offers a comprehensive portfolio of products and services, including Xtracapneo App.
App for channel finance management to support distributors' business performance.
Funding Insights of XtracapNeo
XtracapNeo has successfully raised a total of $603.89K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $201.84 thousand completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in XtracapNeo
XtracapNeo has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Kaizer Siraj.
| Investor | Description | Founded Year | Domain | Location |
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Kaizer Siraj |
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Investor details for XtracapNeo
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Investments & Acquisitions by XtracapNeo
Investment portfolio details for XtracapNeo
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Financial Statements - XtracapNeo
Detailed financials for XtracapNeo
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Xtracapneo Comparisons
Peer comparison for XtracapNeo
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Competitors of XtracapNeo
XtracapNeo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KredX, FinAGG, Cashflo, Shengye Capital and BillMart, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Supply chain finance solutions and automation tools are provided.
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Invoice-based financing solutions are provided for MSMEs.
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Provider of accounts payable automation, payment, compliance, and vendor management software
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Supply chain financing is facilitated through an online marketplace platform.
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Provider of digital bill discounting and trade finance solutions for MSMEs and corporates
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Online P2P invoice discounting and financing platform for businesses
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Detailed competitors of XtracapNeo
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Latest news on Xtracapneo
Complete news archive for XtracapNeo
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Frequently Asked Questions about XtracapNeo
XtracapNeo was founded in 2017 and raised its 1st funding round 2 years after it was founded.
XtracapNeo is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Mohammed Riaz is the current CEO of XtracapNeo. They have also founded this company.
XtracapNeo is a funded company, having raised a total of $603.89K across 3 funding rounds to date.
As of Apr 02, 2024, the latest employee count at XtracapNeo is 45.
Annual revenue of XtracapNeo is $39.62K as on Mar 31, 2023.
XtracapNeo was established in 2017 in Delhi, India, as a fintech entity. An app-based platform is utilized to deliver invoice financing services, allowing businesses to access funding against unpaid invoices. Operations are centered on streamlining financial processes for small and medium enterprises within the Indian market. The company was co-founded by Nitin Verma, Gopi Krishna U, and Mohammed Riaz, with the latter serving as CEO and managing director.
XtracapNeo offers Xtracapneo App.
XtracapNeo has 1 investor. Key investors include Kaizer Siraj.
The valuation of XtracapNeo is $8.16M as of May 2021.